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Why YOU On Demand (YOD) Stock Is Up in After-Hours Activity

YOU on Demand (YOD) rose 12.1% to $4.91, up 53 cents from its previous close of $4.38, on Monday in advance of the Chinese video on demand service's full-year earnings report after the market closed. The stock continued to rise 1.22% to $4.97 in after-hours trading. Full-year gross loss was $2.8 million compared to $1.76 million in 2012. Total operating expense decreased year over year to $9.4 million from $12.9 million. Net loss attributable to YOU on Demand common shareholders decreased year over year to $8.19 million from $15.14 million. Basic and diluted loss per share was 54 cents compared to $1.36 in 2012.

NEW YORK (TheStreet) -- YOU on Demand (YOD) rose 12.1% to $4.91, up 53 cents from its previous close of $4.38, on Monday in advance of the Chinese video on demand service's full-year earnings report after the market closed. The stock continued to rise 1.22% to $4.97 in after-hours trading.

Full-year gross loss was $2.8 million compared to $1.76 million in 2012. Total operating expense decreased year over year to $9.4 million from $12.9 million. Net loss attributable to YOU on Demand common shareholders decreased year over year to $8.19 million from $15.14 million.

Basic and diluted loss per share was 54 cents compared to $1.36 in 2012.

"Backed by C Media's support, we continue to make progress on a number of fronts, including our successful recent expansion onto the mobile entertainment distribution platform," said CEO Weicheng Liu in the company's statement. "Our YOU Cinema App is now being prominently displayed on Huawei's Mate Smartphones, generating increasing levels of consumer interest for new and library movie titles from two of our leading Hollywood studio partners, Paramount and Disney."

TheStreet Ratings team rates YOU ON DEMAND HOLDINGS INC as a "sell" with a ratings score of D-. TheStreet Ratings Team has this to say about their recommendation:

"We rate YOU ON DEMAND HOLDINGS INC (YOD) a SELL. This is driven by multiple weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. Among the areas we feel are negative, one of the most important has been weak operating cash flow."